🟢 STMicroelectronics is trading 4.48% up today as chip stocks rebound from oversold levels

STMicroelectronics is trading at €42.33, up 4.48%, as semiconductor stocks rebound from oversold levels.

• SOXX bounced off its 200-day moving average.
• STMicroelectronics announced new automotive safety sensors on October 26; available reporting does not establish the launch as the cause of this move.
• The company is due to report third-quarter results on October 29.